Oil tanker rates continued to rise on Wednesday as concerns over further supply disruptions from US sanctions increased, ...

In 2024, new crude oil tanker deliveries dropped to a 36-year low as only 17 new tankers, with a capacity of 2.5m deadweight ...

US sanctions on Russian oil tankers and companies are driving up demand for Middle Eastern oil and causing a surge in global ...

Russian officials say rescue workers have successfully removed almost 1,500 tons of oil stranded onboard a tanker that ran ...

Oil tanker rates jumped on Monday as the Biden Administration’s sanctions on Russia’s petroleum trade threaten to cut the supply of ships while forcing traders to seek alternative sources of ...

Oil shipping rates are surging due to tightened global tanker supply following US sanctions on Russia. Shell and Shenghong Petrochemical booked VLCCs at significantly higher rates for February loading ...

SINGAPORE – British petrochemical giant Shell has shut down one of its oil processing units on Bukom Island to investigate a suspected leak, and has informed the Maritime and Port Authority of ...

Investigations are ongoing after UK supermajor Shell suffered another oil spill at its Singapore downstream facilities on Pulau Bukom (Bukom Island), less than three months after an earlier oil ...

SINGAPORE: Shell has shut down an oil processing unit at Pulau Bukom to facilitate investigations into a suspected leak in the system, government agencies said in a joint statement on Friday (Dec 27).